Birdwatch Note Rating
2024-03-30 23:34:02 UTC - HELPFUL
Rated by Participant: 2949977276E57B63157656A51FE14C9A3B9E5F93A6F7891FFD8A09273D23C23C
Participant Details
Original Note:
FTX was only valued at $32B based on fraudulent accounting that treated transactions with its affiliated hedge fund incorrectly. The valuation was based on false accounting, and the false accounting relied on related party transactions with the hedge fund. https://www.investopedia.com/what-went-wrong-with-ftx-6828447
All Note Details